I am looking into the STR and STR/bonus appreciation strategy as a way to offset W2/short term income.

I now currently own 6 Vacation rentals across 3 states, 1 long term rental, and manage other Vacation Rentals through my business, Lubbock Complete Bnb.

@Kristin Moore how long is the stay. 

Let me know if there is any way I can help in terms of what you're looking for

7.375% Rate | Conventional | 30 Year Term

And while there are a ton of people on these forums and social media that I would never trust my money with, there are also a lot of people/companies that are on social media that are great operators with long track records.If you are not going to go that route, I recommend you start hitting up local meetups and REIA groups.  

How much will you make after agreeing to those terms minus carrying costs and taxes? 

My understanding is bonus depreciation is not prorated therefore as long as we rent the home before Dec. 31 of this year it would fully qualify.

But people are buying these to live in long term so they never look at it that way.. 

As long as your purchase price + rehab costs are equal to or less than fair market value then you're good to go!